Today, Ollie’s Bargain Outlet Holdings Inc. (NASDAQ:OLLI) Receives Consensus Recommendation of “Buy” from Brokerages

Today, Ollie’s Bargain Outlet Holdings Inc. (NASDAQ:OLLI) Receives Consensus Recommendation of “Buy” from Brokerages

Ollie’s Bargain Outlet Holdings Inc. (NASDAQ:OLLI) has earned a consensus rating of “Buy” from the nine ratings firms that are covering the stock. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $28.71.

A number of equities analysts have commented on the stock. Zacks Investment Research downgraded shares of Ollie’s Bargain Outlet Holdings from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 3rd. RBC Capital Markets reiterated an “outperform” rating and issued a $32.00 target price (up from $30.00) on shares of Ollie’s Bargain Outlet Holdings in a report on Thursday, September 1st. Royal Bank Of Canada boosted their target price on shares of Ollie’s Bargain Outlet Holdings from $30.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, September 1st. Piper Jaffray Cos. reiterated a “buy” rating and issued a $28.00 target price on shares of Ollie’s Bargain Outlet Holdings in a report on Monday, June 13th. Finally, Jefferies Group boosted their target price on shares of Ollie’s Bargain Outlet Holdings from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, September 1st.

In related news, VP Kenneth Robert Bertram sold 10,000 shares of the stock in a transaction that occurred on Tuesday, July 19th. The shares were sold at an average price of $26.49, for a total value of $264,900.00. Following the transaction, the vice president now owns 10,000 shares in the company, valued at approximately $264,900. The sale was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Ccmp Capital, Lp sold 27,451,596 shares of the stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $26.07, for a total transaction of $715,663,107.72. The disclosure for this sale can be found here. Insiders own 21.80% of the company’s stock.

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Institutional investors have recently modified their holdings of the company. SevenBridge Financial Group LLC acquired a new position in shares of Ollie’s Bargain Outlet Holdings during the second quarter valued at $116,000. Barclays PLC raised its stake in Ollie’s Bargain Outlet Holdings by 844.7% in the second quarter. Barclays PLC now owns 4,799 shares of the company’s stock valued at $119,000 after buying an additional 4,291 shares in the last quarter. BlackRock Group LTD raised its stake in Ollie’s Bargain Outlet Holdings by 88.7% in the second quarter. BlackRock Group LTD now owns 5,172 shares of the company’s stock valued at $129,000 after buying an additional 2,431 shares in the last quarter. BlackRock Inc. raised its stake in Ollie’s Bargain Outlet Holdings by 1,347.8% in the second quarter. BlackRock Inc. now owns 5,849 shares of the company’s stock valued at $145,000 after buying an additional 5,445 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in Ollie’s Bargain Outlet Holdings by 694.8% in the second quarter. Tower Research Capital LLC TRC now owns 6,557 shares of the company’s stock valued at $163,000 after buying an additional 5,732 shares in the last quarter. Institutional investors own 87.70% of the company’s stock.

Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) traded down 0.520% during trading on Thursday, hitting $26.949. 727,450 shares of the company were exchanged. Ollie’s Bargain Outlet Holdings has a 1-year low of $14.88 and a 1-year high of $28.72. The firm’s 50 day moving average price is $26.34 and its 200-day moving average price is $25.36. The stock has a market capitalization of $1.62 billion, a PE ratio of 34.999 and a beta of 0.10.

Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) last released its quarterly earnings data on Wednesday, August 31st. The company reported $0.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.03. Ollie’s Bargain Outlet Holdings had a net margin of 5.80% and a return on equity of 8.91%. The company earned $211.30 million during the quarter, compared to analyst estimates of $207.61 million. During the same period in the prior year, the firm earned $0.15 earnings per share. The firm’s revenue for the quarter was up 16.2% compared to the same quarter last year. Equities analysts predict that Ollie’s Bargain Outlet Holdings will post $0.90 EPS for the current year.

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